GGX Gold Corp`S Latest Drill Assays Point To Potential For High Grade Shoot

By The New Times

GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) has posted more encouraging drill assays from its Gold Drop property in British Columbia, which included signs for the potential of a high-grade shoot.

Monday`s assays come from the final four drill holes of the diamond drilling program carried out in November last year.

One hole hit near-surface high-grade gold and silver with significant tellurium in the southwest part of the COD quartz vein. This intersection was, significantly, near high-grade intersections in three more holes, indicating a “high grade ore shoot”, the Vancouver-based company said.

Highlights assays from the latest holes included 107.5 g/t (grams per ton) gold and 880 g/t silver over 6.90 meters core length. There were multiple samples greater than the upper 500 g/t analytical limit for tellurium, the company noted.

The November program comprised 11 holes and tested the southwest region of the COD vein in an area of high-grade gold and silver mineralization.

COD vein strikes northeast-southwest

The COD vein, which strikes roughly northeast-southwest, lies within the Gold Drop Southwest Zone. Before last year, drill holes in this part of the COD vein also hit near-surface high-grade gold and silver mineralization.

In the past, gold and silver production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.

This article provided by NewsEdge.